Compliance Business Control Officer - Vice President

The UK Legal entities Control team are a 1st line team responsible for ensuring a sound UK control environment by means of establishing tools to legitimately assess and report on legal entity risk profiles and ensuring that effective controls are in place to mitigate and manage those risks.

The role is a key position to support the UK Head of Legal Entity Controls on UK legal entity control strategy, governance and initiatives to drive UK Cluster franchise sustainable growth. The role will provide support on Citi's two material legal entities in the UK - CGML (Broker-dealer) and CBNA London Branch (Bank-chain)

Key responsibilities will include risk profiling the UK legal entities across the full risk taxonomy and reporting on control environment factors and risk measures to UK boards, management committees and regulators (risk identification and assessment) in particular the UK BRCC.

The role will engage will require extensive engagement with businesses and functions on their control enhancement activities to ensure accountability, adequacy and timeliness (risk management, path-to-green plans) and measuring demonstrable risk reduction.

This will include sourcing and producing materials for the UK legal entities’ Risk and Audit Committees, UK BRCC and other governance forums to ensure control environment considerations and requirements are embedded consistently into related governance and control processes throughout the organization.

Key Responsibilities:

•             Engage with other members of the UK Business Execution team and support the UK Risk & Controls lead in the build out of the function in conjunction with the various business and function Risk and Controls teams

•             Oversight of the UK Risk profile and controls, identification of key operational and emerging risks by ensuring appropriate review and continuous assessment, design and execution of those controls and compliance with regulations.  Maintain line-of-sight on risk and control matters across the UK Legal Entities. Including the coordination of the UK Business Risk and Control Committee.

•             Represent the 1st Line Risk and Controls at internal management meetings

•             Proactively identifies emerging risks and assists the product and function control teams with resolving control gaps and issues and helps to create corrective action plans, inclusive of root cause identification and resolution where necessary.

•             Lead projects and initiatives across their lifecycle: managing the identification and structuring of the problem, analysing root causes, developing solutions, communicating project results, and obtaining buy-in for change.

•             Provides support for the UK Executive Team by attending and participating in business meeting routines to provide control related updates and learn about any new initiatives the team will need to support.

•             Ad hoc control / audit related requests as needed.

•             Has the ability to operate with a limited level of direct supervision and can exercise independence of judgement and autonomy.

•             SME to senior stakeholders and /or other team members and able to interact and present to senior management, including the Non-executive Directors of the UK Legal Entities.

•             Ability to manage teams, including virtual teams across products and functions.

•             Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

•             Relevant work experience in Business Risk & Controls with experience in management, risk management and/or regulatory compliance in risk disciplines: financial risks (market, credit, liquidity and capital risks) and non-financial risks (operational, compliance, strategic and reputational risks) a plus. Demonstrates knowledge of in-scope business and product areas

•             Consistently demonstrates clear and concise written and verbal communication skills

•             Effective organizational influencing skills required.

•             Demonstrated ability to add value and represent 1st line Risk & Controls within global team efforts

•             Excellent problem-solving skills and ability to see the big picture with high attention to critical details

•             Demonstrated ability to develop and implement strategy and process improvement initiatives.

Education:

•             Bachelor’s/University degree or equivalent experience

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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